Old Republic International (NYSE:ORI) Announces Earnings Results, Beats Expectations By $0.15 EPS

Old Republic International (NYSE:ORI) announced its earnings results on Thursday. The insurance provider reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.15, Zacks reports. Old Republic International had a net margin of 8.59% and a return on equity of 12.57%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.92 billion. During the same period last year, the firm posted $0.62 earnings per share.

Old Republic International Trading Up 3.1 %

Shares of Old Republic International stock traded up $1.00 on Friday, hitting $33.62. The stock had a trading volume of 1,188,043 shares, compared to its average volume of 1,270,715. The company has a quick ratio of 0.27, a current ratio of 1.25 and a debt-to-equity ratio of 0.33. Old Republic International has a one year low of $26.08 and a one year high of $33.84. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 13.08 and a beta of 0.83. The stock’s 50-day simple moving average is $31.07 and its two-hundred day simple moving average is $30.09.

Old Republic International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Tuesday, June 4th were issued a $0.265 dividend. This represents a $1.06 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, June 4th. Old Republic International’s dividend payout ratio is 41.25%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com upgraded shares of Old Republic International from a “hold” rating to a “buy” rating in a research report on Friday, April 26th. Piper Sandler increased their price target on shares of Old Republic International from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 1st.

Insider Transactions at Old Republic International

In other news, Director Therace Risch bought 6,086 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the acquisition, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Therace Risch bought 6,086 shares of the business’s stock in a transaction dated Tuesday, April 30th. The shares were purchased at an average price of $29.77 per share, for a total transaction of $181,180.22. Following the completion of the acquisition, the director now owns 6,086 shares of the company’s stock, valued at $181,180.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Carolyn Monroe sold 3,377 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $30.04, for a total value of $101,445.08. Following the completion of the sale, the senior vice president now directly owns 33,556 shares of the company’s stock, valued at approximately $1,008,022.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,172 shares of company stock worth $282,286. Insiders own 1.00% of the company’s stock.

About Old Republic International

Old Republic International Corporation, through its subsidiaries, engages in the insurance underwriting and related services business primarily in the United States and Canada. It operates through three segments: General Insurance, Title Insurance, and Republic Financial Indemnity Group Run-off Business.